Tech Company M&A Transactions
Earnest Acquisition
On 10/8/2017, Earnest was acquired by Navient. The parties disclosed the acquisition price to be $155 million.
Transaction Overview
Company Name
Acquired By
Announced On
10/8/2017
Transaction Type
M&A
Amount
$155,000,000
M&A Terms
Under the terms of the agreement, Navient will acquire Earnest for $155 million in cash. As part of Navient, Earnest will continue as a distinct brand and will be led by its current management team, including founders Louis Beryl and Ben Hutchinson. Earnest clients will continue to enjoy the same customer service, rates, terms and benefits.
Company Information
Company Status
Acquired or Merged
Industry
FinTech
Mailing Address
3001 19th Street
San Francisco, CA 94110
USA
San Francisco, CA 94110
USA
Phone
Website
Email Address
Overview
Refinance your student loans and save an average of $17,936 with low rates starting at 2.13% APR. Make paying off student debt easier with customized loan payments.
Profile
Social Media
Company News
Facebook
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Management Team
Title
Name
Email & Social
Chief Executive Officer
Louis Beryl
Chief Operating Officer
Benjamin Hutchinson
Chief Technical Officer
Brian Romanko
VP - General Counsel
Beth Stevens
VP - Operations
Patrick Stanley
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We do our best to report on every notable VC transaction. All VC database entries on this site are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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